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Brocade Reports Q4 Results

SAN JOSE, Calif. -- Brocade(R) (Nasdaq: BRCD) today reported financial results for its fourth fiscal quarter and full fiscal year, which ended October 25, 2008. Brocade reported Q4 revenues of $398.5 million, GAAP net income of $38 million or $.10 per share, and net income of $75.8 million or $.20 per share on a non-GAAP basis.

Commenting on the Brocade's fourth quarter and full fiscal year financial results, Michael Klayko, Brocade CEO, said:

"Q4 was another outstanding quarter for Brocade, where we achieved record revenues and better-than-expected profitability fueled by our product and innovation advantages in our target markets. Our strong performance in Q4 accentuates an overall outstanding fiscal 2008, in which we achieved double-digit growth, expanded our margin and announced exciting plans to expand into additional, larger markets through our planned acquisition of Foundry Networks."

Fourth Fiscal Quarter 2008 Business Highlights

-- Brocade announced the availability of a new family of fabric-based encryption platforms that helps customers by encrypting critical corporate data with high performance and centralized management. This solution offers integration with several management products including NetApp Lifetime Key Management and RSA(R) Key Manager for the Datacenter.

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